Trusts can be drafted to be quite flexible. This article examines how Trust Protectors can add flexibility to your trust. This added flexibility can increase the usefulness of your trust. Trust Protectors Add Flexibility … [Read more...] about Trust Protectors Add Flexibility
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I’m the Executor! Now What?
When a loved one passes away, the last thing most people want to think about are the practical and legal ramifications of their loved one's death. If you were named by the decedent as the Executor of the estate, however, it means that the decedent was counting on you to be able to set aside your grief long enough to oversee the probate of the estate. If you have never before served as an Executor, you may be feeling overwhelmed at the prospect of administering an estate. This is one of the many … [Read more...] about I’m the Executor! Now What?
Modifying an Irrevocable Trust
Irrevocable trusts often can be modified. They can be modified under the Uniform Trust Code or a state law decanting. Read on to learn more about how a modification of a trust can help. Modifying an Irrevocable Trust … [Read more...] about Modifying an Irrevocable Trust
The Medicaid “Look-Back” Period Explained
Like many people, you may make it to your retirement years without ever giving the need to qualify for Medicaid a second thought because you were fortunate enough to be covered by employer-sponsored or privately purchased health insurance. As a senior, however, the likelihood that you will need to qualify for Medicaid increases substantially as a result of the high cost of long-term care. Consequently, it is wise to plan for the possibility by learning more about the Medicaid eligibility … [Read more...] about The Medicaid “Look-Back” Period Explained
Can I Contest My Parent’s Will?
The period of time following the death of a parent is typically filled with grief, loss, and other heightened emotions. It can be easy to forget that there are also practical and legal matters that need to be addressed, such as probating the decedent’s Last Will and Testament. If you have reason to question the validity of your parent’s Will, however, it is imperative that you act on your concerns in a timely manner or you could lose the right to contest the Will at all. Probate Basics Probate … [Read more...] about Can I Contest My Parent’s Will?
